Inspire Medical Systems Inc (INSP)

Operating profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Operating income (ttm)	US$ in thousands	13,496	-14,293	-35,991	-40,271	-49,903	-53,626	-51,034	-47,592	-49,078	-41,680	-40,217	-39,850	-45,091	-45,187	-55,457	-56,208	-58,439	-57,198	-42,560	-34,897
Revenue (ttm)	US$ in thousands	755,594	705,705	660,912	624,799	570,191	525,421	465,221	406,179	346,139	298,755	260,292	231,266	199,415	173,576	132,804	113,797	94,694	80,247	86,622	82,050
Operating profit margin		1.79%	-2.03%	-5.45%	-6.45%	-8.75%	-10.21%	-10.97%	-11.72%	-14.18%	-13.95%	-15.45%	-17.23%	-22.61%	-26.03%	-41.76%	-49.39%	-61.71%	-71.28%	-49.13%	-42.53%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $13,496K ÷ $755,594K
= 1.79%

Inspire Medical Systems Inc's operating profit margin has shown significant fluctuations over the past few periods. The margin has ranged from a low of -71.28% in December 2019 to a high of 1.79% in September 2024.

The company experienced a challenging period with negative margins in most quarters leading up to December 2021, with the margin improving slightly in June 2023 before deteriorating again. From March 2023 onwards, there was a consistent trend of improving margins, albeit still negative, until September 2024 where a positive margin of 1.79% was achieved.

Overall, the operating profit margin trend indicates that Inspire Medical Systems Inc has been working towards improving its operational efficiency and profitability, albeit with some volatility in performance. Continued focus on cost management and revenue growth will be crucial for sustaining positive operating profit margins in the future.